Withdraw in USA

[John1234]

I have a legal question dealing with online gambling in the US. When we withdraw money from online casinos can the government step in and charge us with something or freeze our bank accounts? I have only made 3 withdraws from online casinos and everything went well but the withdraws were not that large. I have made withdraws with moneygram. But if I were to withdraw $2000 or $3000 from an online casino then do you think the gov would step in? Would it be smart with withdraw the money in small groups to stay under the radar if possible?

Here is an article that I found online: It is from 9/12/09. And it says something about it becoming harder to withdraw in December. I thought that things were possibly going to become better.

The federal government in the US is continuing their assault on the online gaming industry. On September 4th, three more bank accounts were seized by investigators for being associated with online casino payouts to US customers.

HMD, Inc. was the name used on the accounts, but the contents of the accounts have been identified as, "proceeds of an illegal gambling business...involved in money laundering transactions," as reported in the Baltimore City Paper.

federal investigators have linked the accounts to online gambling payouts much like the bank accounts that were seized back in the early summer. There may be a connection between the earlier accounts and the three that were seized in Maryland.

The accounts seized earlier belonged to Electracash, which is owned by Edward Courdy. The connection could be made because Courdy was arrested and charged with money laundering last year in Maryland.

"It certainly appears like there may be a connection between the two seizures,' said analyst Grant Blake, "Even if there is no connection, it appears obvious that these seizures will not be the end of the process. The federal government seems intent on sending a message to online casinos that are operating in the US."

Come December, it will be even harder for online casinos to pay their US customers. The rules for the Unlawful Internet Gambling Enforcement Act will go into place then, and the burden of stopping the payment processing will shift to the financial institutions.

Representative Barney Frank is hard at work trying to overturn the UIGEA. Frank has introduced legislation that would not only overturn the UIGEA, but also lay the framework for a regulated Internet gambling industry in the US.

Several states have also considered changing their Internet gambling laws. California lawmakers are considering legalizing online poker, and Senator Robert Menendez of New Jersey has introduced a Bill that would legalize online poker on a federal level.

[Proofreaders2000]

John1234 you are right to be concerned about withdrawing to American bank accounts.  Particularly during tax time.  I had a friend that told me to stear clear of banks at all possible.  He always cashes out via Moneygram jusr in case he is audited.
Like you, my withdraws have been small, but the IRS can audit at will.  Be careful.

[Shorty]

What about withdrawing to an international friend's paypal/moneybookers account? Then having him/her send the money to you.

[John1234]

John1234 you are right to be concerned about withdrawing to American bank accounts.  Particularly during tax time.  I had a friend that told me to stear clear of banks at all possible.  He always cashes out via Moneygram jusr in case he is audited.
Like you, my withdraws have been small, but the IRS can audit at will.  Be careful.

I cashout too with moneygram but I don't see how that is not connected with the bank because when I get the moneygram I have to put it into my bank account so my name and social security number are both connected to it. Are moneygram's untraceable or something?

What about withdrawing to an international friend's paypal/moneybookers account? Then having him/her send the money to you.

That is actually a good idea but I guess that I would really have to trust the person.

[Hayaatt]

John.

Are you still playing at Bet Phoniex?

Are your 3 withdrawls from them as well?  How do you feel about Betphoniex up to date.   Thanks

[John1234]

John.

Are you still playing at Bet Phoniex?

Are your 3 withdrawls from them as well?  How do you feel about Betphoniex up to date.   Thanks

I am still playing at bet phoenix.

I only have 1 withdraw from them and it went over very well. I got a moneygram and they whole transaction took 1 business day.

I am not sure how I feel about betphoenix. At first I loved the site but now I am starting to lose my faith in it.

Problems:
-The live games will sometimes freeze up and sometimes the site goes down on occasion.
-baccarat is very slow. It takes forever to play a game. However it is good if you want to learn a system.
-live roulette looks ok, but I still don't know if I would trust it.
-Very weird table limits for baccarat and roulette
-Dealers have made mistakes on a few occasions but I guess that all dealers make mistakes so I don't know how much that applies to bet phoenix.

Good:
-Good customer service and live help
-Fast payout
-Nice software for live games
-And they don't spam my email like some online casinos do.
-Live baccarat, roulette, and blackjack.
-accepts usa
-They update the site.



I am going to be making a larger withdraw at the end of the October. Hopefully it will be around 1 or 2 thousand. So that will be a true test of whether they pay.

[ADulay]

John,

  I've had three payouts from two online casino/sportsbooks and each time the payment came as a normal check without so much as a bit of identification on it as to what it actually belonged to!!   

  If this upcoming thing in December is to come to pass, it might be worthwhile to draw down any accounts to some level that won't hurt too much if it gets "frozen" or eliminated due to some goofy federal laws.

   I'm thinking they'll put the majority of the effort on the banks and financial institutions and not the individual players.

   AD

[John1234]

John,

  I've had three payouts from two online casino/sportsbooks and each time the payment came as a normal check without so much as a bit of identification on it as to what it actually belonged to!!   

  If this upcoming thing in December is to come to pass, it might be worthwhile to draw down any accounts to some level that won't hurt too much if it gets "frozen" or eliminated due to some goofy federal laws.

   I'm thinking they'll put the majority of the effort on the banks and financial institutions and not the individual players.

   AD

Ok thank you for your input. I decided to withdraw everything out of my online casino account and just return to normal casinos.

[TwoCatSam]

ADuly

I am an American.  What is this upcoming thing in December?  Barney Frank's bill?

Sam

[ADulay]

TwoCat,

I was just replying to the original message in this thread.  I hadn't heard anything about it up until then.   It might be worth looking into though if it's true.

  AD

[John1234]

ADuly

I am an American.  What is this upcoming thing in December?  Barney Frank's bill?

Sam

I think that the gov is just going to crack down on it more within the next coming months. IT'S ALL PART OF THEIR SECRET AGENDA WE NEED A REVOLUTION!!!!
Anyway, here is an article which I think makes it more clear about how they are crackingdown.

The US attorney's Office in Baltimore, Maryland has set up a new Assets Forfeiture and Financial Crimes task force that will go after online gambling operations running in the country. The need for the task force exemplifies one of the reasons Representative Barney Frank and other lawmakers are attempting to regulate Internet gambling.

In the US, the Unlawful Internet Gambling Enforcement Act has made it even more difficult for people to understand online gambling laws in the US. The law was aimed at eliminating online gambling in the country, but instead, it has made it even more unclear as to the legality of such activity in the US.

The task force has already began their work by seizing bank accounts that were being used to pay US players their online gambling winnings. As recently as late last week bank accounts were being seized in Maryland and in other states around the US.

"Seizing and forfeiting ill-gotten gains enables us to take the profit out of crime and use the proceeds to compensate victims," said US Attorney Rod J. Rosenstein, as reported on Gambling911.

That statement lends credence to one of the main reasons Representative Frank is leading a movement to regulate Internet gambling in the US. If regulations of the online gambling industry were in place, there would be no "victims." A regulated system would allow US Internet gambling customers to play freely without the concern that they will be deceived by the gaming sites they are using.

"Most people within the online gambling community knew that when the UIGEA was put in place, it would bring to light all of the corruption that currently exists within the online gambling industry," said CGW Online Gaming Analysts Roger Wheeler, "The more seizures this new task force makes in relation to online gambling, the more it will prove Rep. Frank's theory that people in the US need to be protected."

Representative Frank has proposed two pieces of legislation that would overturn the UIGEA and also lay the framework for a regulated Internet gambling system in the US. The House is not the only branch working on changing the current laws.

Senator Robert Menendez introduced legislation that would legalize online poker and on Sat**day Senator Ron Wyden proposed an amendment that would use Internet gambling revenue generated by Frank's Consumer Protection and Enforcement Act (HR 2267) to help offset health care reform costs.

[Phishalot]

John

On large withdrawals I have always instead of taking them all in one. I break them up into several smaller ones.
IE: $3000 I will take 100 by check by mail, 1000 by money order, 1000 by courier. I do this figuring that any check that comes in over $1200 will be taxed as that is the # where a win gets taxed in a B&M casino. There is no evidence that this is a fact but that is how I handle larger withdrawals.

Phishalot

[John1234]

John

On large withdrawals I have always instead of taking them all in one. I break them up into several smaller ones.
IE: $3000 I will take 100 by check by mail, 1000 by money order, 1000 by courier. I do this figuring that any check that comes in over $1200 will be taxed as that is the # where a win gets taxed in a B&M casino. There is no evidence that this is a fact but that is how I handle larger withdrawals.

Phishalot

Thanks for your advice. i was thinking that breaking it up is the way to go too

[John1234]

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